The US Department of Commerce preliminarily found that phosphate fertilizer imports from Morocco and Russia benefit from countervailable subsidies. Calculated rates were 23.46% for OCP in Morocco, and 20.94%, 72.5% and 32.92% for Russian producers, with cash deposits to begin within days.
Final determinations are due by February 8, 2021.
Preliminary duties of up to 72.5% sharply raise the cost of imported phosphate into the US, which should lift domestic DAP and phosphate prices and tighten import flows.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 193 peristiwa perdagangan bullish sebelumnya, DAP bergerak median +0,4% selama 5 sesi (54% lebih tinggi; separuh tengah -0,3% sampai +1,8%), dan +1,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Commerce's preliminary CVD rates (21-72.5%) on Moroccan and Russian phosphate, announced Nov 23 with cash deposits starting within days, restrict US import supply and likely drove DAP higher in the window.